Counterpoint Mutual Funds LLC Acquires Shares of 25,131 Onespan Inc $OSPN

Key Points

• Counterpoint Mutual Funds LLC acquired 25,131 shares of Onespan Inc, valued at approximately $419,000, during the second quarter, representing about 0.07% of the company's stock.
• Recent research upgrades from analysts have set a consensus rating of "Buy" for Onespan, with an average target price of $19.67 following various ratings changes.
• Onespan also announced a quarterly dividend of $0.12 per share, with a 3.0% yield and a payout ratio of 31.79% as of August 15.

Counterpoint Mutual Funds LLC bought a new position in Onespan Inc (NASDAQ:OSPN - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,131 shares of the company's stock, valued at approximately $419,000. Counterpoint Mutual Funds LLC owned approximately 0.07% of Onespan at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank grew its holdings in Onespan by 455.2% during the 1st quarter. Comerica Bank now owns 2,465 shares of the company's stock valued at $38,000 after buying an additional 2,021 shares in the last quarter. Copeland Capital Management LLC bought a new position in shares of Onespan during the 1st quarter valued at approximately $64,000. Meeder Asset Management Inc. grew its holdings in shares of Onespan by 14.6% in the first quarter. Meeder Asset Management Inc. now owns 6,164 shares of the company's stock valued at $94,000 after purchasing an additional 783 shares in the last quarter. MQS Management LLC purchased a new stake in Onespan during the first quarter valued at $158,000. Finally, ProShare Advisors LLC purchased a new position in shares of Onespan in the 4th quarter worth $198,000. 95.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OSPN has been the topic of several recent research reports. Rosenblatt Securities decreased their target price on shares of Onespan from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, August 6th. B. Riley assumed coverage on Onespan in a research note on Tuesday, August 26th. They issued a "buy" rating and a $23.00 price objective for the company. Finally, Wall Street Zen raised Onespan from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Onespan has a consensus rating of "Buy" and an average target price of $19.67.

Insider Activity

In other Onespan news, Director Marc Zenner purchased 2,200 shares of the firm's stock in a transaction on Friday, August 8th. The stock was bought at an average cost of $12.80 per share, for a total transaction of $28,160.00. Following the completion of the purchase, the director owned 71,273 shares in the company, valued at $912,294.40. This represents a 3.19% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Garry L. Capers purchased 2,000 shares of the company's stock in a transaction dated Friday, August 8th. The shares were acquired at an average price of $13.07 per share, for a total transaction of $26,140.00. Following the purchase, the director directly owned 36,894 shares of the company's stock, valued at approximately $482,204.58. The trade was a 5.73% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.90% of the company's stock.

Onespan Stock Performance

Shares of Onespan stock opened at $15.96 on Wednesday. Onespan Inc has a one year low of $12.51 and a one year high of $20.36. The company has a 50-day simple moving average of $14.77 and a two-hundred day simple moving average of $15.39. The company has a market capitalization of $611.75 million, a PE ratio of 10.57 and a beta of 1.30.

Onespan Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, August 15th. Onespan's payout ratio is 31.79%.

Onespan Profile

OneSpan Inc, together with its subsidiaries, designs, develops, and markets digital solutions for identity, authentication, and secure digital agreements worldwide. The company offers OneSpan Sign, a range of e-signature requirements for occasional agreement to processing tens of thousands of transactions; OneSpan Cloud Authentication, a cloud-based multifactor authentication solution that supports a range of authentication options, including biometrics, push notification, and visual cryptograms for transaction data security, SMS, and hardware authenticators; and OneSpan Identity Verification, which enables banks and financial institutions identity verification services.

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